OCIB - key programs.

OCIB - Key Programs
OCIB has historically operated two programs to achieve its legislative mandate of supporting Oklahoma’s risk capital industry. These programs are enhanced by other OCIB efforts to support entrepreneurs.
Venture Investment Program
Through its Venture Investment Program
(VIP) the Board supports investments in
private, professionally managed venture
capital firms that commit to serving
entrepreneurs within the state and that
have a history of producing solid returns
for their investors. This strategy allows
the Board to attract both investment
talent and capital to Oklahoma companies.
Oklahoma Capital Access Program
Through its Capital Access Program
(OCAP) the Board provides credit
enhancement to banks and other
lending institutions. OCAP allows
these lending institutions to stretch
their loan capabilities and offer more
opportunities to Oklahoma small
business borrowers. OCIB - Key Program Results
Venture Investment Program
$65 million invested in 19 funds that have significant Oklahoma presence
$138 million equity capital invested in 31 Oklahoma companies
$275 million in estimated debt finance obtained due to equity investments
More than 10,685 direct and 16,570 total jobs providing more than $250 million direct and $409 million in total payroll
Oklahoma Capital Access Program
More than 1,500 loans made through Oklahoma banks
$47.5 million in loans to Oklahoma companies
More than 80% of loans are to rural Oklahoma businesses
More than 1,460 direct and 2,545 total jobs providing more than $43.7 million direct and $77.6 million in total payroll
Other Efforts
Lead role in bringing NBA Hornets to Oklahoma
Host Technology Ventures Summit – business building training for entrepreneurs and investors
Approximately $55 in benefit for $1 of direct costs
More than $1.5 billion in total economic impact *
* Impact Analysis prepared by Applied Economics, Phoenix Arizona based economic consulting firm OCIB Program Results – All Programs
$138M
Venture Capital
Direct Investment
$47M OCAP Loans
$10M Hornets
Capital for Oklahoma Companies
Economic
Impact
Oklahoma’s Investment
More Than $1.5 Billion
$27.5M
Cash
Job
Impact
$300M Direct Payroll $512M Total Payroll
Companies Supported
31 Oklahoma Companies (VIP)
9
Oklahoma
Based Firms
(VIP)
908 Oklahoma Companies (OCAP)
12,155
Direct Job Years
19,344
Total Job Years
$5M
Contingent Liability
1 NBA Team

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OCIB - Key Programs
OCIB has historically operated two programs to achieve its legislative mandate of supporting Oklahoma’s risk capital industry. These programs are enhanced by other OCIB efforts to support entrepreneurs.
Venture Investment Program
Through its Venture Investment Program
(VIP) the Board supports investments in
private, professionally managed venture
capital firms that commit to serving
entrepreneurs within the state and that
have a history of producing solid returns
for their investors. This strategy allows
the Board to attract both investment
talent and capital to Oklahoma companies.
Oklahoma Capital Access Program
Through its Capital Access Program
(OCAP) the Board provides credit
enhancement to banks and other
lending institutions. OCAP allows
these lending institutions to stretch
their loan capabilities and offer more
opportunities to Oklahoma small
business borrowers. OCIB - Key Program Results
Venture Investment Program
$65 million invested in 19 funds that have significant Oklahoma presence
$138 million equity capital invested in 31 Oklahoma companies
$275 million in estimated debt finance obtained due to equity investments
More than 10,685 direct and 16,570 total jobs providing more than $250 million direct and $409 million in total payroll
Oklahoma Capital Access Program
More than 1,500 loans made through Oklahoma banks
$47.5 million in loans to Oklahoma companies
More than 80% of loans are to rural Oklahoma businesses
More than 1,460 direct and 2,545 total jobs providing more than $43.7 million direct and $77.6 million in total payroll
Other Efforts
Lead role in bringing NBA Hornets to Oklahoma
Host Technology Ventures Summit – business building training for entrepreneurs and investors
Approximately $55 in benefit for $1 of direct costs
More than $1.5 billion in total economic impact *
* Impact Analysis prepared by Applied Economics, Phoenix Arizona based economic consulting firm OCIB Program Results – All Programs
$138M
Venture Capital
Direct Investment
$47M OCAP Loans
$10M Hornets
Capital for Oklahoma Companies
Economic
Impact
Oklahoma’s Investment
More Than $1.5 Billion
$27.5M
Cash
Job
Impact
$300M Direct Payroll $512M Total Payroll
Companies Supported
31 Oklahoma Companies (VIP)
9
Oklahoma
Based Firms
(VIP)
908 Oklahoma Companies (OCAP)
12,155
Direct Job Years
19,344
Total Job Years
$5M
Contingent Liability
1 NBA Team